Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you.
Melbourne will exit its coronavirus lockdown in late October if vaccine targets are met. The city has been under lockdown since August 5, but restrictions could be lifted when 70% of those over 16 years old are fully vaccinated. They projected that target would be reached around 26 October.
Most of the Victorian construction industry has been put under a two-week shutdown.
The shutdown affects the sector in metropolitan Melbourne and other local government areas that are subject to lockdown restrictions, which are the City of Ballarat, City of Geelong, Mitchell Shire and the Surf Coast Shire.
The construction sector will not simply restart in a fortnight’s time if ongoing COVID compliance issues continue.
Victoria’s Health Minister Martin Foley said the vaccination rule would stay, with workers allowed two weeks to get their first dose.
The COVID-19 Disaster Payment, Pandemic Leave Disaster Payment may be available for impacted workers.
At this stage Ballarat will exit its seven-day lockdown on Wednesday night. However, there will still be restrictions in place including the mandatory wearing of masks indoors and outdoors and no home visits.
Western Australians 12 years old and above can receive a Moderna COVID-19 vaccine from selected pharmacies. The first distribution of Moderna is expected to reach selected pharmacies between September 27 and October 2.
Small businesses that are currently suffering from lockdowns can get financial assistance to help them get through the pandemic. You can find the latest government support schemes for each state or territory here.
The impacts of the COVID-19 restrictions vary from one industry to another. Here you’ll find the latest government financial assistance available for particular industries.
This Federal Government support is lump sum payment for workers who cannot earn income because of a state public health order. You can check your eligibility here.
Hundreds of local tourism and hospitality businesses in South Australia have already started receiving new $3,000 and $1,000 cash grants, as part of a joint Federal-State Government small business support package. You can find more information about support grants in South Australia here.
The NSW Government will be offering financial support to businesses or not-for-profit organisations impacted by the recent COVID-19 restrictions and stay-at-home orders.
The micro-business grant is a $1500 fortnightly payment for businesses with a turnover between $30,000 and $75,000.
To check your eligibility and apply, visit the Service NSW website.
A one-off payment to help businesses, sole traders or not-for-profit organisations impacted by the current Greater Sydney COVID-19 restrictions.
Grants between $7,500 and $15,000 are available to eligible businesses depending on the decline in turnover experienced during the restrictions. For eligibility criteria and to apply, visit the Service NSW website.
The ATO has a range of support options to help those affected by disasters or those experiencing challenges due to continuing COVID-19 restrictions.
The ATO may be able to:
If you need help to manage your tax or superannuation obligations, please get in touch with us.
Eligible employers can access the JobMaker Hiring Credit for each eligible additional employee they hire between 7 October 2020 and 6 October 2021. You may be able to claim the following payments:
Register before the due date of the first JobMaker period you’re claiming for.
The government is continuing the wage subsidy scheme for apprentices and trainees. Under the scheme, the government will pay half the wages of apprentices up to a maximum of $7,000 each quarter for 12 months.
First-time founders often waste time and resources during the early stages of building their business because of the knowledge gap on how to efficiently start a company. In this Forbes article, seven tips have been shared for the successful launching and running of a business.
Your most precious resource is your time. So if you want to find more ways to save time and focus on building a thriving business, get in touch with our advisors today!
Contact us if you have any questions or want to discuss the next steps for your business.
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